Its promoter entity Besmer India can sell up to 4% stake in Insurance-Tech Company Medi Assist Healthcare Services Limited. Sources told the CNBC-TV18 that the sale could be done through the block deal.
A total shares worth ₹ 560 crore can be sold. The floor price for transaction has been fixed at Rs 507 per share. This is 4% less than the current price of the stock.
The company had a 20.55 percent stake in the company till the end of June 2025. The extraordinary general meeting of Medi Assist Healthcare Services is going to be held on 4 September.
The Shares of Medi Assist Healthcare Services closed at Rs 527.50 on August 11 at Rs 527.50. The company’s market cap is more than Rs 3700 crore.
The face value of the stock is Rs 5. The stock has risen 19 percent in 3 months. The 52 -week high level on BSE is Rs 715 and a 52 -week low of Rs 400.
Brokerage firm Nuwama has set a target price of Rs 630 per share with a ‘bye’ rating for the shares of Medi Assist.
Medi Assist Healthcare Services grew by 19.1% to ₹ 22.4 crore in the April-June 2025 quarter. The profit was ₹ 18.8 crore a year ago. Revenue from operations rose 13.6% to ₹ 190.5 crore, compared to ₹ 167.7 crore in the June 2024 quarter.
In the June 2025 quarter, the company’s Ebitda rose 18.5% to ₹ 42.2 crore on an annual basis. It was ₹ 35.6 crore a year ago. The Ebitda margin was 22.1%, which was 21.2% in the June 2024 quarter.